The bank now sees the year-end inflation at 1.5% in 2014 and 2.2% in 2015, Isarescu said, citing the latest inflation report approved by the bank’s board at today’s meeting.
Previously, the central bank has seen the inflation at 2.2% this year and 3% in 2015.
Earlier Tuesday, the bank’s board cut the key monetary policy rate by 25 basis points to a record low of 2.75%. It also reduced the minimum requirement ratio for hard currency deposits to 14% from 16%, while keeping the requirements for leu deposits at 10%.